INVITE-ONLY SCRIPT
已更新 Trendfilter Chart
Introduction:
The "Trend Filter Chart" indicator is a comprehensive analytical tool designed to identify market trends through a combination of various technical analysis methods. This indicator utilizes multiple moving averages, power bars, and swing volatility to determine market direction and potential entry points. By combining these elements, the indicator aids in making informed trading decisions and interpreting market movements with greater precision.
The Trend Filter Chart uses several moving averages, including the 18-period and 52-period SMAs, as well as the 8-period SMA for lows and the 10-period SMA for highs. These moving averages are crucial for identifying trends and assisting in the definition of entry points.
A central feature of the indicator is the identification of power bars and ultra bars. These color-coded bars help visualize strong market movements characterized by significant changes in the weighted price range (high-low spread) and percentage price changes. Power bars and ultra bars indicate notable market activities that suggest the involvement of large market participants.
The variable Average Volatility and GSV middle line combines various volatility measures to create a comprehensive moving average. It is formed from the average of the short-term highs and lows, along with the average volatility calculated from the highest and lowest volatility values over the past days.
This calculation allows for capturing and visualizing the current trend in market volatility. This method provides an average trend line used to assess market direction.
Another important feature is the 5-over/Below-Channel signals, which indicate when five consecutive bars trade above or below the moving averages. These signals suggest potential trend continuations or reversals, providing valuable insights for trading decisions.
The integrated color signals support traders in identifying entry opportunities and evaluating market strength.
This indicator also identifies 10 different price patterns, including MA, correction patterns, and Inside/Outside Bar patterns and some others. These patterns are filtered through trend filters to provide potential entry setups. The underlying patterns are based on concepts by Larry Williams.
Depending on the pattern, they work differently in each market. Entry points, stop loss, and profit targets should be backtested in each market, as every market has its own characteristics.
For more information on how to use the patterns, please send me a message.
Disclaimer
The use of this indicator and the generated signals is at your own risk. The author assumes no responsibility for trading decisions made based on these signals. Please be aware that trading financial instruments involves risks.
The "Trend Filter Chart" indicator is a comprehensive analytical tool designed to identify market trends through a combination of various technical analysis methods. This indicator utilizes multiple moving averages, power bars, and swing volatility to determine market direction and potential entry points. By combining these elements, the indicator aids in making informed trading decisions and interpreting market movements with greater precision.
The Trend Filter Chart uses several moving averages, including the 18-period and 52-period SMAs, as well as the 8-period SMA for lows and the 10-period SMA for highs. These moving averages are crucial for identifying trends and assisting in the definition of entry points.
A central feature of the indicator is the identification of power bars and ultra bars. These color-coded bars help visualize strong market movements characterized by significant changes in the weighted price range (high-low spread) and percentage price changes. Power bars and ultra bars indicate notable market activities that suggest the involvement of large market participants.
The variable Average Volatility and GSV middle line combines various volatility measures to create a comprehensive moving average. It is formed from the average of the short-term highs and lows, along with the average volatility calculated from the highest and lowest volatility values over the past days.
This calculation allows for capturing and visualizing the current trend in market volatility. This method provides an average trend line used to assess market direction.
Another important feature is the 5-over/Below-Channel signals, which indicate when five consecutive bars trade above or below the moving averages. These signals suggest potential trend continuations or reversals, providing valuable insights for trading decisions.
The integrated color signals support traders in identifying entry opportunities and evaluating market strength.
This indicator also identifies 10 different price patterns, including MA, correction patterns, and Inside/Outside Bar patterns and some others. These patterns are filtered through trend filters to provide potential entry setups. The underlying patterns are based on concepts by Larry Williams.
Depending on the pattern, they work differently in each market. Entry points, stop loss, and profit targets should be backtested in each market, as every market has its own characteristics.
For more information on how to use the patterns, please send me a message.
Disclaimer
The use of this indicator and the generated signals is at your own risk. The author assumes no responsibility for trading decisions made based on these signals. Please be aware that trading financial instruments involves risks.
版本注释
changed the TrendlineFilter and added Fill and Line Colors with Accumulation & Distributions Filter for market strength. 版本注释
Some trendlines have been adjusted, and unnecessary calculations for patterns have been removed.版本注释
added a bars counter for Trading Day of Year. 版本注释
language fix for Trading Day of Year - TDoY版本注释
Bug fixed related to adma pattern.仅限邀请脚本
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除非您完全信任其作者并了解脚本的工作原理，否則TradingView不建议您付费或使用脚本。您还可以在我们的社区脚本中找到免费的开源替代方案。
作者的说明
Please send me a message via chat on TradingView.
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。
仅限邀请脚本
只有经作者批准的用户才能访问此脚本。您需要申请并获得使用权限。该权限通常在付款后授予。如需了解更多详情，请按照以下作者的说明操作，或直接联系ComJoTrader。
除非您完全信任其作者并了解脚本的工作原理，否則TradingView不建议您付费或使用脚本。您还可以在我们的社区脚本中找到免费的开源替代方案。
作者的说明
Please send me a message via chat on TradingView.
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。